SunTrust Banks, Inc. Lowers Robert Half International Inc. (RHI) to Hold

Robert Half International Inc. (NYSE:RHI) was downgraded by research analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Other analysts have also issued reports about the company. ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. BMO Capital Markets reiterated a “hold” rating and set a $45.00 price objective on shares of Robert Half International in a report on Tuesday, July 11th. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, BidaskClub lowered Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $49.40.

Shares of Robert Half International (NYSE:RHI) opened at 51.37 on Wednesday. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 19.91 and a beta of 1.27. Robert Half International has a 52 week low of $34.42 and a 52 week high of $51.76. The firm’s 50-day moving average price is $47.31 and its 200 day moving average price is $46.78.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. Robert Half International’s revenue was down 2.7% on a year-over-year basis. On average, analysts anticipate that Robert Half International will post $2.62 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Seven Eight Capital LP raised its holdings in Robert Half International by 134.7% during the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,400 shares in the last quarter. Van ECK Associates Corp raised its holdings in Robert Half International by 6.4% during the first quarter. Van ECK Associates Corp now owns 2,456 shares of the business services provider’s stock valued at $120,000 after buying an additional 148 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Robert Half International by 4.4% during the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after buying an additional 114 shares in the last quarter. Lazard Asset Management LLC bought a new position in Robert Half International during the first quarter valued at about $148,000. Finally, Ameritas Investment Partners Inc. bought a new position in Robert Half International during the first quarter valued at about $152,000. Institutional investors own 84.10% of the company’s stock.

Robert Half International Company Profile

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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